Poland's power & gas tariffs change to reduce CPI by ca. 0.1 ppt
December 23, 2013
Poland's revision of power and natural gas price tariffs as of January 2014 will take less than 0.1 ppt off CPI, central bank's economic institute IE NBP said on Friday.
"Calculations of IE NBP show that the estimated decline in the electricity price indicator by 2.5% will have a direct impact on the CPI decline by some 0.1 ppt," IE NBP wrote. The increase in gas prices indicator by 1.5% should add 0.03 ppt to the CPI.
Poland's sales and distribution tariffs for household electricity, approved by URE on December 17, should bring a reduction in average monthly bills by 2.5%.
URE also approved a new retail gas tariff for gas group PGNiG for January-July 2014 period with the average price growth around 1.5%.